UOB's net profit up 8% to $3.2b in FY14

Driven by broad-based growth.

UOB today reported that its net profit grew 8% to a new high of $3.2b in FY2014, driven by growth in both its net interest and non-interest income.

The group's net interest income incrased 10.6% to $4.6b in FY14, while fee and commission income inched up 1.1% to $1.7b. Other non-interest income jumped 32.3% to $1.2b.

UOB has proposed a final dividend of 50 cents per share and special dividend of 5 cents.

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